Swiss Re board proposes 6% dividend increase

Backed by a sturdy capital position, Swiss Re's board advocates for a 6% dividend raise, amounting to $6.80 per share.

Swiss Re’s board of directors proposes a 6% dividend increase of $6.80 per share, supported by its strong capital position.

The group's capital position remains strong, with a group SST ratio of 306% as of January 1, 2024.

Swiss Re's total economic net worth (ENW) increased to $32.8 billion as of December 31, 2023. ENW per share growth was 10.8% in 2023, reaching $112.89.

ALSO READ: S&P Global Ratings forecasts earnings surge to $3.6b in 2024 for Swiss Re

The total contribution to ENW in 2023 was $3.2b, reflecting strong new business performance.

Swiss Re will discontinue EVM reporting with the adoption of IFRS as the new accounting basis starting in 2024.

Additionally, the company will propose the election of a new Chair of the Board of Directors at the AGM. Jacques de Vaucleroy is proposed for re-election and election as the new Chairman of the Board. Geraldine Matchett is nominated for election as a new, non-executive, and independent member of the Board.

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